Just a month ago the US media was singing the praises of the Obama economic boom. They were claiming an unprecedented era in economic prosperity was emerging in America. Well a disappointing jobs report, fall in housing sales and increasing health-care premiums due to Obamacare have ended this talk. In a shocking revelation of the truth, Treasury Secretary Timothy Geithner admits the US economy is fragile!
US Treasury Secretary Timothy Geithner on Tuesday said the US economy was “still going through an incredibly difficult period,” as he warned the impact of the crisis would be “lasting.”
“Millions of Americans are still looking for work and are suffering from the damage of a deep recession. The impact of this crisis will be lasting,” he said in prepared testimony to Congress.
While heralding progress in unwinding government stimulus spending, Geithner stressed the United States was still not out of the woods.
Read the rest: US economy still in ‘difficult period’: Geithner
As much as Joe Biden wants to promote the recovery, the truth says otherwise. There is NO Obama Boom. It was a lie started by Newsweek to help the Democrats in the fall.
In other news the US spent $2 million promoting condom use among drug addicts in Kazakhstan. Your tax money at work… for other nations.
Tags: Obama Economic Boom, Progressive Propaganda, Timothy Geithner
